Foundations of Economic Analysis of Law
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Description: What effects do laws have? Do individuals drive more cautiously, clear ice from sidewalks more diligently, and commit fewer crimes because of the threat of legal sanctions? Do corporations pollute less, market safer products, and obey contracts to avoid suit? And given the effects of laws, which are socially best? Such questions about the influence and desirability of laws have been investigated by legal scholars and economists in a new, rigorous, and systematic manner since the 1970s. Their approach, which is called economic, is widely considered to be intellectually compelling and to have revolutionized thinking about the law. In this book Steven Shavell provides an in-depth analysis and synthesis of the economic approach to the building blocks of our legal system, namely, property law, tort law, contract law, and criminal law. He also examines the litigation process as well as welfare economics and morality. Aimed at a broad audience, this book requires neither a legal background nor technical economics or mathematics to understand it. Because of its breadth, analytical clarity, and general accessibility, it is likely to serve as a definitive work in the economic analysis of law.
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All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.
List price: $103.00
Copyright year: 2004
Publisher: Harvard University Press
Publication date: 3/15/2004
Size: 6.75" wide x 9.50" long x 1.25" tall
|Definition, Justification, and Emergence of Property Rights|
|Division of Property Rights|
|Acquisition and Transfer of Property|
|Conflict and Cooperation in the Use of Property: The Problem of Externalities|
|Property Rights in Information|
|Liability and Deterrence: Basic Theory|
|Liability and Deterrence: Firms|
|Extensions of the Analysis of Deterrence|
|Liability, Risk-Bearing, and Insurance|
|Liability and Administrative Costs|
|Overview of Contracts|
|Other Types of Contract|
|Litigation and the Legal Process|
|Basic Theory of Litigation|
|Extensions of the Basic Theory|
|General Topics on the Legal Process|
|Public Law Enforcement and Criminal Law|
|Deterrence with Monetary Sanctions|
|Deterrence with Nonmonetary Sanctions|
|Extensions of the Theory of Deterrence|
|Incapacitation, Rehabilitation, and Retribution|
|General Structure of the Law|
|The General Structure of the Law and Its Optimality|
|Welfare Economics, Morality, and the Law|
|Welfare Economics and Morality|
|Implications for the Analysis of Law|
|Income Distributional Equity and the Law|